Boone, North Carolina, is experiencing a thriving short-term rental market, with high occupancy rates, significant revenue potential, and a growing demand driven by its attractive natural beauty, cultural attractions, and year-round outdoor activities.
Thriving Short-Term Rental Market in Boone, North Carolina
Boone, North Carolina, is experiencing a robust and lucrative short-term rental market, driven by its appealing blend of natural beauty, cultural attractions, and year-round outdoor activities. The city, home to Appalachian State University, sees a steady influx of visitors, contributing to a healthy occupancy rate. On average, short-term rental listings in Boone achieve a median occupancy rate of 55%, with some months reaching as high as 70%.
The financial returns are equally impressive, with an average daily rate of $156, leading to an average annual revenue of $31,000 per listing. This strong demand, particularly during peak seasons like late spring, summer, and the ski season, makes Boone an attractive destination for investors and hosts looking to maximize their rental income. With lenient regulations and a growing number of active listings, Boone's short-term rental market continues to thrive, offering significant opportunities for those in the vacation rental industry.
Short-Term Rental Regulations in Boone, North Carolina for 2024
General Requirements
- Permit Requirement: Every vacation rental operator must apply for and obtain a zoning permit from the Town of Boone. Zoning permits must be renewed annually.
Compliance and Existing Rentals
- Existing Non-Conforming Rentals: Homestay or unpermitted vacation rentals in operation as of June 30, 2022, must apply for a permit and come into compliance with all requirements by June 30, 2023.
- New Rentals: Any person seeking to begin the operation of a homestay or vacation rental after June 30, 2022, must first apply for and obtain a permit.
Zoning Restrictions
- Zoning Districts: Vacation rentals located in the RA or R3 zoning districts that were legally permitted as of May 8, 2024, may continue to operate if the annual permit is successfully renewed prior to its expiration.
- Specific Zoning Areas: In the B1 Downtown, B2 Neighborhood Business, and B3 General Business zoning districts, single-family detached dwellings and two-family detached dwellings (and any accessory dwellings on the same property) may be used as vacation rentals only if the dwelling existed as of January 1, 2014.
Operational Requirements
- Parking: A vacation rental must provide at least one parking space per bedroom, which must conform to all applicable parking regulations and not be located on any street right of way.
- Age of Primary Renter: The primary responsible renter of a vacation rental must be at least 21 years old.
Safety and Health Regulations
- Fire and Safety Equipment: Vacation rental properties must be equipped with smoke alarms and carbon dioxide detectors.
Permit Display and Advertising
- Permit Display: The zoning permit number authorizing the short-term rental must be conspicuously posted on the subject property in a location easily viewable from the exterior, or if not possible, where it can be viewed from the public or private street adjoining the primary façade of the dwelling unit. This permit number must also be included in all advertisements for short-term rentals.
Compliance with Town Codes
- Noise Regulations: Vacation rentals must comply with all noise regulations set forth in Town Code Chapter 82.
- Verified Violations: Operators must avoid receiving two or more “Verified Violations” of any combination of Town Code zoning regulations or noise regulations within a 365-day period.
Additional Restrictions
- Criminal Activity: Vacation rentals cannot be operated if there has been a conviction of certain criminal activities on the premises within specified time periods (e.g., violent felonies, alcohol-related offenses, possession of stolen goods, unlawful gambling).
- Special Gatherings: There are restrictions on using vacation rentals for special gatherings and events, though specific details are not provided in the Boone regulations.
Top Neighborhoods for Airbnb Revenue in Boone, North Carolina
1. Downtown Boone
- Appeal: Downtown Boone is highly appealing due to its proximity to Appalachian State University, local restaurants, shops, and entertainment venues. Rentals like the "Appalachian House Downtown Boone" are favored for their convenient location, making it easy for guests to walk to various amenities.
2. Between Boone and Blowing Rock
- Appeal: This area is popular for its scenic views and central location. Properties like "Yeehaw Lodge" and "Piney Bear" offer stunning mountain views, hot tubs, and easy access to both Boone and Blowing Rock, making them ideal for those seeking a mix of relaxation and exploration.
3. Seven Devils
- Appeal: Seven Devils is attractive due to its proximity to Sugar Mountain, Grandfather Mountain, and other high country attractions. Rentals such as "A Little Slice of High Country Heaven" provide long-range mountain views, high-speed WiFi, and a treehouse-like experience, which are highly rated by guests.
4. Vilas
- Appeal: Vilas offers a peaceful setting just minutes from Downtown Boone and Appalachian State University. Properties like the "2BR Hideaway" are favored for their private and cozy atmosphere, convenient location, and easy access to Blowing Rock and the Blue Ridge Parkway.
5. Blowing Rock
- Appeal: Blowing Rock is a charming area with luxury rentals like the "Luxury 5BR Dwntwn Blowing Rock" and "Cozy Riverfront Duplex with Hot Tub." These properties offer upscale amenities, scenic riverfront views, and proximity to downtown Blowing Rock, making them highly appealing for guests seeking a luxurious and central stay.
6. Sugar Grove
- Appeal: Sugar Grove is known for its luxury cabins with grand views, such as the "⭐️Open Living, Grand Views ⛰, Hot Tub, Prime Location ☀️" cabin. These properties offer open floor plans, gourmet kitchens, and extensive amenities like hot tubs and game rooms, making them perfect for family gatherings and entertaining.
These neighborhoods are highly sought after due to their combination of scenic beauty, convenient locations, and a range of amenities that cater to different types of guests, whether they are looking for relaxation, adventure, or luxury.
Crafting an Inviting Airbnb in Boone, North Carolina: Design and Furnishing Tips
To create an Airbnb in Boone, North Carolina, that is both inviting and reflective of the city's unique style, consider the following tips:
Embrace the Mountain Aesthetic
- Incorporate rustic yet modern decor, using natural materials like wood and stone to enhance the mountain vibe.
- Choose cozy and warm tones to create a retreat-like atmosphere.
Prioritize Comfort and Amenities
- Ensure high-quality furnishings, including comfortable mattresses and high thread count linens to enhance guest comfort.
- Include amenities such as hot tubs, fire pits, and fully stocked kitchens to cater to guests seeking relaxation and convenience.
Highlight Local Elements
- Furnish your space with handmade local furniture to add a genuine touch of the region.
- Integrate local aesthetics and artwork into the decor to resonate with visitors looking for an authentic mountain experience.
Optimize Outdoor Spaces
- Create inviting outdoor areas with features like private patios, charcoal grills, and propane fire pits. These spaces are highly valued for morning coffee or evening gatherings.
Consider the Location
- Choose locations that offer easy access to key attractions such as the Blue Ridge Parkway, hiking trails, and downtown Boone. This can significantly enhance the appeal of your rental.
Modern and Functional Design
- Update your space with modern decor elements while maintaining a rustic charm. This includes using mini-split heat/AC systems and ensuring good connectivity with WiFi and cable.
- Ensure the layout is functional and conducive to gathering and entertaining, such as open floor plans and spacious living areas.
Attention to Detail
- Add small touches like plants and local artwork to liven up the space and create a welcoming atmosphere.
- Provide amenities like ear plugs and noise machines if the location is near traffic to ensure guest comfort.
Guest-Centric Approach
- Focus on the living room as a central gathering space, investing in statement pieces like couches, coffee tables, and media consoles to create a comfortable and inviting area.
- Ensure the kitchen is fully equipped with all essentials for cooking, and consider adding unique features like full house water filtration systems.
By following these tips, you can create an Airbnb in Boone that not only reflects the city's unique style but also provides a comfortable and inviting space for your guests.
Practical Tips to Run a Successful Short Term Rental Business in Boone, North Carolina
To ensure the success of a short-term rental business in Boone, North Carolina, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and noise regulations to maintain a peaceful environment and comply with local ordinances. Clearly communicate these rules in the rental agreement and through welcome messages to avoid any potential issues.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, Wi-Fi passwords, and other important details about the property. This manual should cover everything from appliance usage to emergency contact information, ensuring guests have all the necessary information at their fingertips.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the lock and any other relevant entry points.
Parking Instructions
Include clear parking instructions with photos in the house manual to help guests understand where and how to park. This is particularly important given Boone's regulations that require at least one dedicated parking space per bedroom, which must not be located on street right-of-ways.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and ensure your short-term rental business in Boone operates smoothly and efficiently.
Here is a brief list of house cleaning, repair, and maintenance providers in Boone, North Carolina:
Spangler Restoration
- Offers emergency restoration and cleaning services, including smoke, soot, and odor removal, water damage restoration, mold and mildew removal, air duct cleaning, biohazard and sewage cleanup, and appliance/electronics cleaning and repair.
High Country Cleaning Service
- Provides residential cleaning, vacation rental cleaning, recurring cleaning schedules, and one-time/deep cleanings. Specializes in green cleaning methods and serves several areas including Boone, Blowing Rock, and Valle Crucis.
Various House Cleaning Services (via Care.com and Angie's List)
- Multiple affordable house cleaning options listed on Care.com and Angie's List, offering a range of services from one-time cleanings to recurring schedules.
Top-Rated Airbnb Cleaners (via Turno)
- Specialized cleaning services for vacation rentals and Airbnb properties in Boone, NC.
Short-Term Rental Management Fees in Boone, North Carolina
In Boone, North Carolina, managing short-term rentals involves a range of services that can impact the associated fees. Typically, management fees for short-term rentals in Boone range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, multi-channel marketing, and thorough maintenance (including cleaning, lawn care, snow plowing, and system repairs), tends to be on the higher end of this spectrum, often starting at around 20% of revenue.
Basic services, which may only include booking management and minimal maintenance, can be less expensive. Additionally, property owners may incur extra fees for specific services like professional cleaning, repairs, or design enhancements. Local regulations, such as the requirement to collect and remit a 6% occupancy tax, also need to be factored into the overall cost structure.